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Surety Analyst Jobs in Minnesota (NOW HIRING)

Chubb

Senior Underwriter, Surety

Minnetonka, MN · On-site

$100K - $118K/yr

The Senior Surety Underwriter's primary responsibility is to underwrite individual surety risks ... Ability to analyze and differentiate risks on an account specific basis. Manage underwriting ...

Chubb

Senior Underwriter, Surety

Minnetonka, MN · On-site

$100K - $118K/yr

The Senior Surety Underwriter's primary responsibility is to underwrite individual surety risks ... Ability to analyze and differentiate risks on an account specific basis. Manage underwriting ...

Archgroup

AVP, Commercial Surety

Saint Paul, MN · On-site +1

$133K - $206K/yr

Gather and analyze all relevant information, applying appropriate underwriting techniques ... Demonstrate strong surety bond product knowledge and ability to work with surety account management ...

Archgroup

AVP, Commercial Surety

Saint Paul, MN · On-site +1

$133K - $206K/yr

Gather and analyze all relevant information, applying appropriate underwriting techniques ... Demonstrate strong surety bond product knowledge and ability to work with surety account management ...

All In One Accounting

CFO - Construction

Saint Paul, MN · On-site

$140K - $165K/yr

Lead bonding capacity analysis, surety relationship management, and bonding strategy * Build financial models for project financing, equipment acquisitions, and capital planning * Provide strategic ...

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Surety Analyst information

What are the key skills and qualifications needed to thrive as a surety analyst?

To thrive as a Surety Analyst, you need strong analytical skills, a solid understanding of financial statements, and a relevant degree in finance, accounting, or a related field. Familiarity with risk assessment tools, underwriting software, and proficiency in Microsoft Excel are typically required. Attention to detail, effective communication, and problem-solving abilities are standout soft skills in this role. These competencies are crucial for accurately assessing risk, ensuring sound underwriting decisions, and maintaining strong client relationships in the surety industry.

What is a surety analyst?

A Surety Analyst is a professional who evaluates and analyzes the financial stability and risk profiles of individuals or companies seeking surety bonds. Surety bonds are financial guarantees that ensure the completion of contractual obligations, often required in construction, government contracts, and other industries. The analyst reviews credit histories, financial statements, and project details to determine whether a bond should be issued and under what terms. Their work helps protect insurers from losses and ensures clients meet their obligations. Surety Analysts play a critical role in risk management for surety companies and their clients.

What are some common challenges faced by surety analysts in managing multiple bond requests simultaneously?

Surety Analysts often handle numerous bond requests from various clients at the same time, each with distinct requirements and deadlines. Balancing these tasks requires strong organizational skills and the ability to prioritize based on risk assessment and urgency. Analysts must also coordinate closely with underwriters, agents, and legal teams to gather necessary documentation and ensure compliance with underwriting guidelines. Staying updated on regulatory changes and effectively communicating with stakeholders are key to managing this fast-paced workload successfully.

What is the difference between Surety Analyst vs Underwriting Assistant?

AspectSurety AnalystUnderwriting Assistant
CredentialsTypically requires insurance or finance certifications, such as CPCU or ARMOften requires basic insurance knowledge, sometimes a degree in finance or business
Work EnvironmentOffice setting, analyzing bond applications and risk assessmentsOffice setting, supporting underwriters with administrative and data entry tasks
Industry UsageCommon in insurance, surety bonds, and financial servicesUsed across insurance and underwriting departments

The Surety Analyst focuses on evaluating bond risks and analyzing financial data, often requiring specialized certifications. In contrast, the Underwriting Assistant provides administrative support to underwriters, handling documentation and data entry. Both roles are essential in the insurance industry but differ in responsibilities and required credentials.

What are popular job titles related to Surety Analyst jobs in Minnesota?

For Surety Analyst jobs in Minnesota, the most frequently searched job titles are:

What job categories do people searching Surety Analyst jobs in Minnesota look for?

The top searched job categories for Surety Analyst jobs in Minnesota are:

What cities in Minnesota are hiring for Surety Analyst jobs?

Cities in Minnesota with the most Surety Analyst job openings:

Surety Analyst jobs near you

Senior Underwriter, Surety

Chubb

Minnetonka, MN • On-site

$100K - $118K/yr

Full-time

Posted 9 days ago

Chubb rating

8.2

Company rating: 8.2 out of 10

Based on 67 frontline employees who took The Breakroom Quiz

141st of 308 rated insurance

Job description

The Senior Surety Underwriter's primary responsibility is to underwrite individual surety risks through a demonstration of the following skills and abilities:

  • Fundamental Surety Underwriting. Ability to underwrite surety credits which generate a profit for the Company while meeting the needs of the customer.
  • Risk Assessment. Ability to identify risk exposures, analyze contracts and bond forms. Ability to analyze and differentiate risks on an account specific basis. Manage underwriting meetings with customers to understand operations and internal controls.
  • Financial proficiency. Sophisticated understanding of financial statements and ratios used in surety underwriting. Understanding of the impact of underwriting decisions on company results. Ability to understand credit risk.
  • Actuarial fundamentals. Ability to understand loss trends, loss triangles, and ratemaking. Ability to quantify risk based on experience history and forecasting methods.
  • Marketing and communications. Ability to build relationships, internally and externally, to grow the book of business to achieve bottom line profitability for the Company. Ability to make presentations and communicate articulately. Ability to base communications on strategic thinking. Ability to manage producer strategy.
  • Systems and programs. Ability to use systems and software programs needed to conduct daily business.
     

Major Duties & Responsibilities:

  • Marketing and prospecting for new business, primarily through travelling throughout the assigned territory. 
  • Travel expectations 10-25% with flexible territory options.
  • Documents the underwriting files
  • Determines terms and conditions and complex rating plans
  • Handles more complex files and portfolios
  • Guides and mentors junior staff
Chubb is a world leader in insurance. With operations in 54 countries, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance, and life insurance to a diverse group of clients. The company is distinguished by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength, underwriting excellence, superior claims handling expertise and local operations globally.

At Chubb, we are committed to equal employment opportunity and compliance with all laws and regulations pertaining to it. Our policy is to provide employment, training, compensation, promotion, and other conditions or opportunities of employment, without regard to race, color, religious creed, sex, gender, gender identity, gender expression, sexual orientation, marital status, national origin, ancestry, mental and physical disability, medical condition, genetic information, military and veteran status, age, and pregnancy or any other characteristic protected by law. Performance and qualifications are the only basis upon which we hire, assign, promote, compensate, develop and retain employees. Chubb prohibits all unlawful discrimination, harassment and retaliation against any individual who reports discrimination or harassment.
  • Knowledge of surety industry
  • Knowledge of underwriting concepts, practices, and procedures
  • Strong organization skills
  • Microsoft Word, Excel, and Outlook
  • Internet usage
  • Oral and written communication skills
  • Negotiation skills
  • Marketing skills
  • Basic leadership skills
  • Dedication to providing great customer service 

Education & Experience:

  • Bachelor's degree in accounting, finance, economics, or marketing preferred
  • 3+ years surety underwriting experience
  • Achieved or working towards achieving the AFSB (Associates in Fidelity and Surety Bonding) designation

What Chubb employees say

Pay

Benefits

Hours and flexibility

Workplace

Get the full story on Breakroom

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About Chubb

Sourced by ZipRecruiter

Chubb is the world's largest publicly traded property and casualty insurer. With operations in 54 countries, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. We are a unique global organization with a culture of individuals passionately committed to our respective crafts. With underwriting at our core, each of us contributes to providing the best insurance coverage and service to our clients. Our highly collaborative, inclusive nature helps us drive better business outcomes through diversity of background, experiences, insights and values.

Industry

Insurance services

Company size

10,000+ Employees

Headquarters location

Warren, NJ, US

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